Millennium Post

Centre urges states to create land banks

Centre urges states to create land banks
Worried over declining growth in manufacturing, the centre on Thursday urged state governments to maintain land banks for setting up manufacturing zones for boosting industry and promoting job creation.

In a meeting with state chief secretaries and principal industry secretaries, Commerce and Industry Minister Anand Sharma said states will have to play a major role in acquiring land for setting up of world-class industrial townships.

‘Land is a major issue. But states have to play the major role. Their participation is very important in that. Please create land banks for NIMZs. Lot of states have already started the process,’ he said.

Under the National Manufacturing Policy (NMP), the government has proposed to set up National Investment and Manufacturing Zones. NIMZs are conceptualised as integrated industrial townships of at least 50 sq km (5,000 hectares) with state-of- the-art infrastructure. At least 30 per cent of the total land area would be devoted to manufacturing units. The minister emphasised that without increasing the share of manufacturing sector in the economy, it would be difficult to create jobs and attract investments in the country.

The NMP aims to increasing the share of the sector to at least 25 per cent by 2020 from the present 16 per cent. It also aimed at creating 100 million jobs.
Agencies

Agencies

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